Global Medium Density Fibreboard Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medium Density Fibreboard Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Medium Density Fiberboard is an engineered wood product that is manufactured by decomposing hardwood or softwood residues into wood fibers, usually in a fiber remover, with wax and resin binders, and by applying high temperature and high pressure to form the board.

Market Overview:

The latest research study on the global Medium Density Fibreboard market finds that the global Medium Density Fibreboard market reached a value of USD 27586.0 million in 2022. It’s expected that the market will achieve USD 36331.0 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.

Opportunities

The urbanization process of emerging economies such as India and China provide opportunities for market growth. For example, the implementation of the China Western Development Plan (CWDP) and other similar programs in the country will drive the market in the near future. In addition, the increase in the disposable income of Chinese consumers and the expansion of the housing renovation industry are expected to boost the growth of the MDF panel market. In India, in the first quarter of 2018, the number of new homes launched in the top seven cities in India increased by 27% year-on-year. Due to a strong demand for residential construction, it is expected that by 2020, continued investment in the country's real estate sector is expected to drive the country's residential sector. Consumption of medium density fiberboard.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Kronospan, Egger and Arauco with the revenue market share of 7.05%, 4.17% and 3.03% in 2018.

Kronospan is the world’s leading manufacturer of woodbased panels and value-added products for the interior design, furniture and construction industries.

Since operations commenced with a single sawmill in 1897, Kronospan has developed a unique supply chain with over 41 production sites and 25 distribution centers in over 30 countries and more than 15,000 co-workers around the world.

EGGER is a family company, founded in 1961, employs approximately 9,600 people. At 19 plants across the world, they produce an extensive product range of wood-based materials (chip-boards, OSB and MDF boards) as well as timber.

EGGER products are found in countless areas of private and public life, including kitchens, bathrooms, bedrooms, offices, hotels and shops. EGGER is a full-range supplier for the furniture industry, interior design, wood construction, and wood-based flooring (laminate, cork, and design flooring) industries.

Segmentation Overview:

Among different product types, Melamine Faced MDF segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Furniture segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Medium Density Fibreboard market covered in Chapter 3:

Egger
DARE
Niemann
Swiss Krono
Yildiz Entegre
Kastamonu Entegre
Arauco
Kronospan
Uniboard
Alvic
Finsa

In Chapter 4 and Chapter 14.2, on the basis of types, the Medium Density Fibreboard market from 2018 to 2029 is primarily split into:

Melamine Faced MDF
PVC/Pet Laminated MDF Panels
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medium Density Fibreboard market from 2018 to 2029 covers:

Cabinet
Flooring
Furniture
Molding, Door, and Millwork
Packaging System
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)